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CBN Threatens Sanctions on Banks Rejecting Old, Small Denominations of U.S. Dollar Bills

CBN Threatens Sanctions on Banks Rejecting Old, Small Denominations of U.S. Dollar Bills

by Oni Kayode Philips | Jul 3, 2024 | NEWS

The Central Bank of Nigeria has threatened to sanction Deposit Money Banks that continue to reject old and small denominations of the U.S dollar bills. The CBN which issued this warning in a circular signed by its acting Director of the Currency Operations Department...
NNPC Declares State of Emergency on Oil Production to Boost Output

NNPC Declares State of Emergency on Oil Production to Boost Output

by Oni Kayode Philips | Jul 3, 2024 | NEWS

The Nigerian National Petroleum Company (NNPC) Limited says it has declared a state of emergency on oil production. Group Chief Executive Officer of NNPC Limited Mele Kyari, disclosed this on Tuesday in a keynote address at the opening of the 23rd edition of the...
Senate Advances Bill to Repeal National Identity Management Commission (NIMC) Act 2007

Senate Advances Bill to Repeal National Identity Management Commission (NIMC) Act 2007

by Oni Kayode Philips | Jul 3, 2024 | NEWS, Politics

A bill to repeal the National Identity Management Commission (NIMC) Act 2007 has scaled second reading in the Senate. The bill provides for the establishment of a National Identity Database while the NIMC strictly deals with the maintenance of the database, the...
House of Representatives Calls for Papers on Restructuring Government Agencies

House of Representatives Calls for Papers on Restructuring Government Agencies

by Oni Kayode Philips | Jul 3, 2024 | NEWS, Politics

The House of Representatives has called on stakeholders to submit papers for consideration on how best government could go about restructuring agencies. The Chairman, Special Committee on Restructuring of Federal Agencies and Commissions, Ibrahim Isiaka, made the call...
President Tinubu Appoints Chairman and Nine Board Members of Family Homes Fund Limited

President Tinubu Appoints Chairman and Nine Board Members of Family Homes Fund Limited

by Oni Kayode Philips | Jul 3, 2024 | NEWS

President Bola Tinubu has approved the appointment of a chairman and nine members of the board of the Family Homes Fund Limited. The Special Adviser to the President on Media and Publicity, Ajuri Ngelale, disclosed this in a statement signed and issued on Tuesday. The...
Federal Government Exempts Farmers, Small Businesses, and Manufacturers from Withholding Tax

Federal Government Exempts Farmers, Small Businesses, and Manufacturers from Withholding Tax

by Oni Kayode Philips | Jul 3, 2024 | NEWS

The Federal Government has exempted farmers, small businesses and manufacturers from paying withholding tax. The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele who disclosed this on Tuesday via a post on his X handle –...
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